HK Stock Market Move | After performance decline of over 7%, Shenzhen Zhaowei Machinery & Electronics(02692) reported a 25.15% decrease in net profit attributable to shareholders in the first quarter, with a 2.74% drop in revenue.
Zhao Wei Electromechanical (02692) fell more than 7% after performance, as of press time, down 7.48% to HK$61.85, with a turnover of HK$186.038 million.
Shenzhen Zhaowei Machinery & Electronics (02692) fell more than 7% after the performance report, as of the time of drafting, it fell by 7.48%, closing at 61.85 Hong Kong dollars, with a turnover of 18.6038 million Hong Kong dollars.
On the news side, Shenzhen Zhaowei Machinery & Electronics released its first quarter report for 2026, with operating income of 357 million yuan, a year-on-year decrease of 2.74%; net profit attributable to shareholders of the listed company was 40.9517 million yuan, a year-on-year decrease of 25.15%. In addition, earlier this month, the company announced plans to participate in the bidding for the state-owned land use rights in Bao'an District, Shenzhen, and invest approximately 800 million yuan to build a dexterous hand and microdrive system industrial park project, further enhancing the layout of the Siasun Robot & Automation sector, optimizing production capacity distribution, and improving the company's industry status and market share in the microdrive and dexterous hand field.
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